World - Linseed Oil - Market Analysis, Forecast, Size, Trends and Insights

Global Linseed Oil Market Overview 2018

Linseed Oil Production

Global linseed oil market revenue amounted to $X in 2017, growing by X% against the previous year. This figure reflects total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value had been increasing at an average annual rate of +X% over the period from 2007 to 2017; the trend pattern indicated some noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2008, when the market value increased by X% against the previous year. Over the period under review, the global linseed oil market reached its peak figure level of $X in 2014; however, from 2015 to 2017, it failed to regain its strength.

In 2017, approx. X tonnes of linseed oil were produced worldwide; growing by X% against the previous year. The total output volume had been increasing at an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2012, when the the output figure increased by X% y-o-y. Over the period under review, the global linseed oil production reached its peak figure volume in 2017, and is expected to retain its growth in the immediate term.

China (X tonnes) remains the largest linseed oil producing country worldwide, comprising approx. X% of total production. Moreover, linseed oil production in China exceeded the figures recorded by the world's second largest producer, Belgium (X tonnes), twofold. The third position in this ranking was occupied by the U.S. (X tonnes), with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of volume of linseed oil production in China totaled +X%. In the other countries, the average annual rates were as follows: Belgium (-X% per year) and the U.S. (+X% per year).

Linseed Oil Exports

In 2017, the amount of linseed oil exported worldwide stood at X tonnes, jumping by X% against the previous year. Overall, linseed oil exports continue to indicate a moderate curtailment. The most prominent rate of growth was recorded in 2010, when it surged by X% from the previous year. Over the period under review, the global linseed oil exports reached its maximum volume of X tonnes in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, linseed oil exports totaled $X in 2017. In general, linseed oil exports continue to indicate a relatively flat trend pattern. In that year, the global linseed oil exports attained its maximum level of $X. From 2009 to 2017, growth of the global linseed oil exports failed to regain its strength.

Linseed Oil Exports by Country

Belgium represented the largest exporter of linseed oil in the world, with the volume of exports finishing at X tonnes, which was approx. X% of total exports in 2017. Germany (X tonnes) occupied the second position in the ranking, followed by the U.S. (X tonnes). All these countries together held approx. X% share of total exports. Ukraine (X tonnes), Turkey (X tonnes), Spain (X tonnes), Kazakhstan (X tonnes), and the Netherlands (X tonnes) followed a long way behind the leaders.

Belgium experienced a relatively flat trend pattern of linseed oil exports. At the same time, Kazakhstan (+X%), Spain (+X%), and Ukraine (+X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. Turkey experienced a relatively flat trend pattern. By contrast, Germany (-X%), the U.S. (-X%), and the Netherlands (-X%) illustrated a downward trend over the same period. The U.S. (X%), Germany (X%), and the Netherlands (X%) significantly strengthened its position in terms of the global exports, while Belgium, and Kazakhstan saw its share reduced by -X%, and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest linseed oil supplier worldwide, making up X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value of linseed oil exports in Belgium totaled +X%. In the other countries, the average annual rates were as follows: Germany (-X% per year) and the U.S. (-X% per year).

Linseed Oil Export Prices by Country

In 2017, the average export price for linseed oil amounted to $X per tonne, growing by X% against the previous year. Over the last decade it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008, when the average export prices increased by X% y-o-y. In that year, the average export prices for linseed oil attained its maximum level of $X per tonne. From 2009 to 2017, growth of the average export prices for linseed oil stood at a somewhat lower level.

Export prices varied noticeably by country of destination; the country with the highest export price was the Netherlands ($X per tonne), while Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable growth rate of export prices was attained by Turkey (+X% per year), while the other global leaders experienced more modest paces of growth.